Klaviyo (NYSE:KVYO) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Klaviyo (NYSE:KVYO) in a report published on Tuesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $31.00 target price on the stock.

KVYO has been the topic of a number of other reports. Scotiabank started coverage on shares of Klaviyo in a research note on Tuesday, April 2nd. They issued a sector perform rating and a $30.00 target price on the stock. William Blair restated an outperform rating on shares of Klaviyo in a report on Wednesday, February 28th. Piper Sandler restated an overweight rating and set a $38.00 price target on shares of Klaviyo in a report on Wednesday, February 28th. FBN Securities assumed coverage on shares of Klaviyo in a report on Wednesday, March 20th. They issued an outperform rating and a $35.00 target price for the company. Finally, Morgan Stanley dropped their target price on shares of Klaviyo from $38.00 to $37.00 and set an equal weight rating for the company in a report on Wednesday, February 28th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $36.88.

Klaviyo Stock Down 0.3 %

Shares of Klaviyo stock opened at $22.72 on Tuesday. Klaviyo has a twelve month low of $22.49 and a twelve month high of $39.47. The firm’s 50-day moving average price is $26.09 and its 200 day moving average price is $27.68.

Klaviyo (NYSE:KVYO) last released its earnings results on Tuesday, February 27th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $201.62 million during the quarter, compared to analysts’ expectations of $196.02 million. As a group, analysts anticipate that Klaviyo will post -0.27 earnings per share for the current year.

Insider Transactions at Klaviyo

In other news, insider Landon Edmond sold 3,545 shares of Klaviyo stock in a transaction on Friday, April 5th. The shares were sold at an average price of $24.15, for a total transaction of $85,611.75. Following the completion of the sale, the insider now directly owns 167,127 shares of the company’s stock, valued at approximately $4,036,117.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Klaviyo

Institutional investors have recently modified their holdings of the company. Wellington Management Group LLP purchased a new stake in shares of Klaviyo during the 3rd quarter worth $5,047,000. Hudson Bay Capital Management LP purchased a new stake in Klaviyo in the third quarter valued at $690,000. Summit Partners L P purchased a new stake in Klaviyo in the third quarter valued at $1,708,162,000. FMR LLC purchased a new stake in Klaviyo in the third quarter valued at $34,203,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Klaviyo in the third quarter valued at $5,111,000. 45.43% of the stock is owned by hedge funds and other institutional investors.

Klaviyo Company Profile

Klaviyo, Inc, a technology company, provides a software-as-a-service platform in the United States, other Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers Klaviyo, a cloud-native platform for data store, segmentation engine, campaigns and flows, and messaging infrastructure.